The Motley Fool

Why these 4 ASX shares started the week in the red

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has followed the lead of international markets and pushed higher on Monday. At the time of writing the benchmark index is up 0.7% to 6,006 points.

Four shares that have failed to follow the market higher today are listed below. Here’s why they have started the week in the red:

The APN Outdoor Group Ltd (ASX: APO) share price has fallen almost 4% to $4.29. The majority of this decline can be attributed to the outdoor advertising company’s shares going ex-dividend this morning for its 12.5 cents per share final dividend. Eligible shareholders can now look forward to receiving this distribution in their nominated account on April 20.

The Caltex Australia Limited (ASX: CTX) share price is down almost 1.5% to $32.95. Like APN Outdoor Group, today’s decline can be attributed to its shares going ex-dividend this morning. The fuel retailer will pay its 61 cents final dividend to eligible shareholders on April 6.

The Family Zone Cyber Safety Ltd (ASX: FZO) share price has tumbled nearly 7% to 56 cents. Investors have reacted negatively to the cyber-safety company’s update on its deal with Asian telco Aircel India. According to the release, that deal is up in the air now after Aircel filed for insolvency protection. Management remains confident that this will only delay the company’s inevitable entry into the India market.

The Newcrest Mining Limited (ASX: NCM) share price has fallen 4.5% to $20.62 after advising of a breakthrough of tailings material at its Cadia operation’s northern tailings dam embankment. As a precaution the miner stopped depositing tailings into both dams late on Friday and by Saturday had suspended all mining and processing operations at Cadia. This is likely to lead to a downgrade to its FY 2018 guidance. I would stay clear of Newcrest Mining for the time being.

Instead of Newcrest, I would be buying shares in these hot stocks.

The Disruptors: 3 Revolutionary Aussie Companies to Back for 2018

We’re living in one of the most exciting times in investing history. Innovation and a booming culture of entrepreneurship are constantly creating new companies with the potential to make forward-thinking investors very rich. Now more than ever, one small, smart investment could make a huge difference to your wealth.

That’s why at The Motley Fool we’ve been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Cochlear or REA Group.

We’ve found three exciting companies that we believe re poised to perform in the new year. Click here to uncover these ideas!

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

NEW. Five Cheap and Good Stocks to Buy in 2019…

Our Motley Fool experts have just released a brand new FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.8% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.